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Commodities markets and sagging volumes cause Sims first half loss

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Revaluation of goodwill and inventory causes AUD289m in write downs (AU, USA) – Sims Metal Management reported a AUD79.4m loss (ca. €41m) for the first half of its 2009 fiscal year, fallout from what company CEO Daniel Dienst called the “wrath of the contagion sweeping the globe”. The Australian- domiciled ...

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